Which of the Following Statements About Financial Accounting Is NOT

question 8

Multiple Choice

Which of the following statements about financial accounting is NOT true?

• A) Financial accounting helps banks decide whether or not to lend.
• B) Financial accounting helps stock market investors decide whether to buy company shares.
• C) Financial accounting reports on the performance of managers as decision-makers.
• D) Employees assess whether the company can repay long-term debt.

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Definitions:

Data Reporting

The process of collecting, analyzing, and presenting data to highlight trends, performance, or results, often used in business and research.

Abbreviations

Shortened forms of words or phrases used to save space or time in written or spoken communication.

Inverted Pyramid

A writing structure that begins with the most important information, followed by supporting details.

Confidential Copy

A copy of a document or message marked as private or secretive, intended for a limited audience.